FTC

Butterfly Labs asserted its alpha-male dominance on that bitch-ass FTC today. BFL literally whipped its dick out for the world to see and showed everyone that BFL really stands for “Better Fucking Listen” because that’s what you gotta do now you little weak-ass punks.

Today the judge just straight up said “Fuck yeah, bro” and high-fived BFL’s totally swole hand and then they both cupped balls. This rad judge let the world know that BFL, while it’s true that they did delay a bunch of shit and straight-up lie to their customers, isn’t doing it any more and so the FTC has no right to be all up in their shit.

You see that idiots? BFL stopped doing preorders because our customers finally wised the fuck up so you have NO RIGHT to take their foam pitchforks.

Also remember how the FTC was all like “Ugh, these BFL guys said you could make money off these things?” when we’ve known that’s not true? Well chew on this:

Read it and weep hombre. BLF told it’s customers on forums that it was profitable but didn’t have it on their own website. Also they bought a shit ton of fucking google ads so .. ya know .. fucking right, idiots!

So now BFL can continue on with business as usual and just be a fucking badass and you pansies have to just take it.

Inaba (who totally isn’t Josh from BFL) has this to say about you nerds, crying to mommy:

On October 28th the FTC released a statement opposing the defendants of the Butterfly Labs case (Darla Drake, Nasser Ghoseiri and Sonny Vleisides) intent to pay for their attorney fees with frozen funds. If you remember fondly, Butterfly Labs stole that cash from consumers, so the FTC is saying they shouldn’t be allowed to use said stolen funds to support/defend themselves. Note that this is just them opposing it, since they aren’t actually ruling on anything. That’s the courts job.

Meanwhile, the Western Missouri District Court just published a new 2 page order saying Butterfly Labs needs to stop acting like a huge asshole or else they’re going to be called into court for a separate case to talk about their behavior.

The Federal Trade Commission filed Case “4:14-cv-00815-BCW” on September 15th, 2014. In their report, the FTC claims that BFL did a bunch of dumb things. These include:

–Refusing to refund payment, by flipping between two policies: No refunds, and refund offers that were never fulfilled.–Josh Zerlan, Vice President of Product Development, testified that BFL used pre-paid rigs to mine for BTC before shipping (if they were even shipped). This may explain why some were broken messes by the time they got to customers.–Because the products were shipped so late (or not at all), the rigs were incredibly outdated, and because of that, miners couldn’t use the rigs properly. (Via FTC):–Refusing to ship the BitForce miner months after pre-orders, then using deceptive marketing to get people to buy or upgrade to a newer miner, the Monarch.

For these reasons, primarily, the FTC had temporarily shut down operations at Butterfly Labs (From what I understand, some operations have since resumed after a TRO elapsed. More on that later). The FTC has said in their later report:

Alert. Pay-Attention: A laugh was mined that was too big for 0.7 (Buttcoin.org) to process. 0.8 (ButtcoinFoundation.org) could process it and created a fork, causing prologed outages on the 0.7 Buttcoin fork. The game plan is to shut down the 0.7 laugh factory and continue on the 0.8 fork. Do not trust new mined laughs on 0.7.

Additionally, the hard fork created a number of orphaned block-posts so some data may be missing. We expect a roll back to occur in the next few weeks and to back-fill this data as time permits. Please do not bring this to the attention of the devs.

At present, devs are working to establish the precise cause of the bug. We know it’s related to the way 0.7 was purchased by BFL and, specifically, the subsequent seizure of Buttcoin.org by the FTC.

For now, 0.8 is the way to mine laughs, users should not expect 0.7 to come back.I imagine soon enough we will see 0.8.1 and the possibility of a hard fork (0.8 may become incompatible) so keep your eyes open for more news.